Economics
Testnet coins are worth nothing. The economic rules are the same on testnet and on mainnet.
New XMOR come into existence only with blocks. The first block is like every other: there is no reserve, no premine and no coins created "before the start". The project does not sell or hand out coins — miners create them.
The block reward is split between the miner, the developers and the relays (the servers that deliver messenger messages). An era is the 2,100,000 blocks, about four years, between two halvings; at each halving the block reward is cut in half.
At a glance
| Parameter | Value |
|---|---|
| Algorithm | KawPow (GPUs) |
| Target block time | 60 seconds |
| Blocks per day | 1,440 |
| Block reward in the first era | 2,500 XMOR; the reward halves every 2,100,000 blocks |
| Issuance per day in the first era | 3,600,000 XMOR |
| Halving | every 2,100,000 blocks, roughly every 4 years |
| Supply limit | 10,500,000,000 XMOR |
| Block reward maturity | 100 blocks, about 100 minutes |
| Developer share | 17% in the first year, 15% to the end of the first era, then 8%, 4%, 0% |
| Relay share | 3% in the first era, 6% after |
| Name fees | 80% to relays, 20% to the miner |
| Project pool fee | 1% — a pool rule, not a network rule |
How a block is split
The network enforces the developer payment while that share is nonzero, and the relay payment when an eligible recipient is selected for the block. If no relay is eligible, its share stays with the miner. The pool does not set these shares.
block reward − developer share − relay share (if an eligible relay is in the queue) + transaction fees, including 20% of name fees = the miner's reward
The relay share is an upper bound: if there is no eligible relay, or the next relay has already reached its weekly cap, the unclaimed part goes to the miner in the same block instead of disappearing.
Shares by era
| Period | Block reward | Miner | Developers | Relays |
|---|---|---|---|---|
| First era, first year (blocks 1 … 525,600) | 2,500 XMOR; the reward halves every 2,100,000 blocks | 80% | 17% = 425 XMOR | 3% = 75 XMOR |
| First era, remainder (to block 2,099,999) | 2,500 XMOR | 82% | 15% = 375 XMOR | 3% = 75 XMOR |
| Second era | 1,250 XMOR | 86% | 8% = 100 XMOR | 6% = 75 XMOR |
| Third era | 625 XMOR | 90% | 4% = 25 XMOR | 6% = 37.5 XMOR |
| After that | 312.5 XMOR and less | 94% | 0% | 6% |
In the second era the relay share rises from 3% to 6% so that the message-delivery budget does not halve at the halving: in both the first and the second era it is 75 XMOR per block.
Who gets what over all time
| To | XMOR | Share of supply |
|---|---|---|
| Developers | 1,076,280,000 | 10.25% |
| Relays | up to 472,500,000 | up to 4.5% |
| Miners | at least 8,951,220,000 | the rest |
| Total | 10,500,000,000 | 100% |
Whatever relays leave unclaimed because of the cap goes to miners. The coins in block 0 (the genesis block) cannot be spent and do not count toward the supply limit.
Developer share
The network itself creates the developer share in every block, whichever pool found it: 17% in the first year, 15% to the end of the first era, 8% in the second, 4% in the third and zero after that. It is earned block by block and visible in every block, not created in advance. After the third halving there is no developer share at all.
The developer share is set by the network rules and checked by nodes when they accept each block.
Relay reward
This is not interest for holding coins. A relay receives a share of the block only if it is registered on chain, meets the stake requirement for payout eligibility and regularly sends a heartbeat.
- A queue, not a lottery. In each block, the relay share goes to the eligible relay that has gone the longest without a payout. In the first two eras, with N relays each one receives 75 XMOR about once every N blocks, but no more than the weekly cap; after that the amount shrinks with the block reward.
- Name fees. 80% of what is paid for registering and renewing names accumulates in the relay pool and is paid out through the same queue on top of the block share. This income grows with the number of users, not with miners' hashrate.
- The network computes the stake. It equals roughly four weeks of a relay's income in the first six months, then rises to fifteen weeks; it changes by at most 25% per week and never drops below 15,000 XMOR. A relay whose stake falls behind the computed value has two weeks to top it up, otherwise it leaves the queue.
- Heartbeat. A relay that has sent no heartbeat for more than 1,440 blocks (about a day) drops out of the queue by itself, without anyone's signature.
- Exit. The stake becomes spendable 43,200 blocks (30 days) after leaving the registry.
How to run one — Run a Messenger Relay.
Name fees
| Name length | Price in the first era |
|---|---|
| 7 characters or more | 100 XMOR |
| 6 characters | 200 XMOR |
| 5 characters | 400 XMOR |
| 4 characters | 800 XMOR |
| 3 characters | 1,600 XMOR |
| 2 characters | 3,200 XMOR |
Prices halve together with the block reward. If names of some length are being taken faster than usual, the price of that tier rises — up to 64 times — and comes back down when demand eases. A name lasts a year (525,600 blocks); renewal costs a quarter of the tier price without the demand surcharge, but no less than 1 XMOR. Short names of two to four characters are not sold for the first six months and then go out by auction. 80% of the fee goes to relays, 20% to the block's miner.
Project pool
The project pool splits rewards using PPLNS (each miner is paid in proportion to the work sent in shortly before the block) and charges a 1% fee. The minimum payout is 1 XMOR, and payouts run on a schedule every 10 minutes. The pool neither assigns nor withholds the developer and relay shares: the network itself requires them in the block.
The pool fee is a pool rule: it can change without a new node version. The block reward and the shares can change only through a new node version that network participants choose to run or not.